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Charlotte Region 2020 Home Sales Report... What You Need To Know...

By Nina Hollander, Broker

Real Estate Agent with Coldwell Banker Realty 179530

January 28, 2021 04:05 AM

Charlotte Region 2020 Home Sales Report At A Glance:

With a razor-thin 0.8 months of housing inventory at 2020 year-end, there is no doubt that the Charlotte region remained a seller's market in 2020.

This lack of inventory is the most critical aspect of the Charlotte market right now, as it has been for the last several years -- namely, the shortage of homes for buyers to purchase. Availability of affordable homes is really at critical shortage. The supply of homes, or rather lack thereof, is driving Charlotte area home prices up and the housing affordability index down as demand continues to outpace supply.

Distressed property sales represented less than 1% of Charlotte region home sales in 2020 and buyers looking for a bargain in this segment of the market will be disappointed.

Multiple offers for homes again reign supreme in all price points.

Charlotte Region Housing Market Quick Facts At A Glance:

2016 - 2020

Median Sale Price: up 9.8% in 2020 to $280,000.
Average Sale Price: up 10.3% in 2020 to $334,985.
Days On Market (List to Close): 88 days in 2020 (down 6 days versus 2019).
Closed Sales: up 5.5% in 2020 to 54,076 units.
Pending Sales: up 9.6% in 2020 to 56,800 units.
Percent Of Original List Price Received: 98% in 2020 (up 1.3% over 2019).
New Listings: down 1.5% in 2020.
Inventory Of Homes For Sale: down 55% in 2020 to 3,860 units (the lowest level of inventory since 2007).
Distressed Homes Sold: down 14% in 2020, representing just 0.8% of total sales.

Charlotte Region Distressed Property Sales Quick Facts:

2016 - 2020

Distressed Property Sales In Charlotte Region In 2020

Want to know what this would mean for your family if you decide to buy or sell a home in the Charlotte region?

We can help. Call us today at 704-779-0813 or contact us here.

There’s absolutely NO OBLIGATION. A consultation with Carolinas Realty Partners is FREE.

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WONDERING WHAT YOUR CHARLOTTE AREA HOME IS WORTH IN TODAY'S MARKET?

SEARCH ALL CHARLOTTE AREA HOMES FOR SALE

PREVIOUS CHARLOTTE REGION HOUSING MARKET REPORTS

Charlotte Region, NC Housing Market At A Glance: 2019

Charlotte, NC Region Housing Market At A Glace: 2018

Charlotte, NC Region Housing Market At A Glance: 2017

Charlotte, NC Region Housing Market At A Glance: 2016

Charlotte, NC Region Housing Market At A Glance: 2015

This Charlotte, NC region housing market update for 2020 is provided by Nina Hollander and Carolinas Realty Partners, Coldwell Banker, your Greater Charlotte area residential real estate experts. We've been opening doors for Charlotte area home buyers and sellers for 20+ years. Let us open the door to your next home... you'll be glad you did!

If you're considering selling or purchasing a home in the Charlotte metro area, I'd love an opportunity to earn your business, to exceed your expectations, and to show you how:

"The Right Broker Makes All The Difference."

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Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Patricia Feager, MBA, CRS, GRI,MRP hi Patricia... Charlotte has been a seller's market for years now... and I'm still often astounded by the number of buyers who just don't want to believe it!

Jan 28, 2021 05:48 AM

Patricia Feager, MBA, ...

Flower Mound, TX

Patricia Feager, MBA, CRS, GRI,MRP

Same here, Nina Hollander - We have had a Seller's Market for some time now! It's always sad when a buyer who really, really needs to buy drags their feet and waits before making an offer but by then, it's nearly always too late.

Jan 28, 2021 02:41 PM

Nina Hollander, Broker

Patricia Feager, MBA, CRS, GRI,MRP hi Patricia... it's not just the ones who drag their feet to make an offer... there are the ones who drag their feet to see a home and by the time they decide it's time, the home is under contract.

Jan 29, 2021 04:29 AM

Brian England

Ambrose Realty Management LLC - Gilbert, AZ

MBA, GRI, REALTOR® Real Estate in East Valley AZ

Your sales reports are always chalked full of all the information that consumers need to know about the Charlotte region!

Jan 28, 2021 05:57 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Thanks, Brian... in any case, I would hope my reports have useful information for both buyers and sellers... otherwise I'd have to ask what's the point? And I learned a long time ago, you can't expect the average consumer to interpret numbers... you need to do it for them.

Jan 28, 2021 06:00 AM

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400

The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY

Long Island Condo and Home Specialists

Razor-thin inventory is a great way to describe this Real Estate market Nina. Great way that you compile all this information for your neighborhoods!

Jan 28, 2021 06:01 AM

Nina Hollander, Broker

Charlotte, NC
Lawrence "Larry" & She...

Plainview, NY

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400 thanks, Sheila. Winning out on a bidding war on a home these days is a bit like winning the lottery!

Jan 28, 2021 06:09 AM

Rocky Dickerson

Realty One Group - Las Vegas, NV

Superior Service!

Good morning Nina Hollander It appears as though you and your team are running at full speed

Jan 28, 2021 06:11 AM

Nina Hollander, Broker

Charlotte, NC

Grant Schneider

Performance Development Strategies - Armonk, NY

Your Coach Helping You Create Successful Outcomes

Hi Nina Hollander - a stressful time for first time buyers with limited funds, low inventory especially in lower prices.

Jan 28, 2021 06:31 AM

Nina Hollander, Broker

Charlotte, NC

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Nina,

Your reports are always chock full of great information for anyone looking to buy or sell. Happy Thursday! A

Jan 28, 2021 08:14 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Rocky Dickerson hi Rocky... I assume when you refer to my team it to my team of three... me, myself, and I. :)

Jan 28, 2021 09:17 AM

Rocky Dickerson

Las Vegas, NV

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Grant Schneider hi Grant... very hard on those with limited funds for sure. But I'm seeing bidding wars for homes in the half million range, where available funds are not the issue and people are still bidding on five or six houses before they final snag one.

Jan 28, 2021 09:18 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Ron and Alexandra Seigel thanks, Alexandra. Sun is finally out in Charlotte, although it is cool for us. Happy Thursday to you.

Jan 28, 2021 09:18 AM

Ed Silva, 203-206-0754

Mapleridge Realty, CT 203-206-0754 - Waterbury, CT

Central CT Real Estate Broker Serving all equally

With so little inventory the sellers are smiling and the buyers that do get those homes are relieved

Jan 28, 2021 02:45 PM

Nina Hollander, Broker

Charlotte, NC

Kathy Streib

Cypress, TX

Home Stager/Redesign

Hi Nina- I lke your easy to read market report for Charlotte. All buyers and sellers will find this interesting.

Jan 28, 2021 06:37 PM

Nina Hollander, Broker

Charlotte, NC

Endre Barath, Jr.

Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA

Realtor - Los Angeles Home Sales 310.486.1002

Nina I appreciate your posts I am having a difficult time just commenting back to my friends not alone handle the work load you do and still manage to post one a day good for you, Endre

Jan 28, 2021 11:11 PM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Ed Silva good morning again, Ed...buyers are relieved when they manage to snag a home. Every listing I sold in 2020 accepted offers from buyers who had been on at least their fifth offer!

Jan 29, 2021 04:30 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Kathy Streib thanks, Kathy. As a retired financial executive, I totally understand that you have to keep financial reports easy to read and understand... otherwise you lose them.

Jan 29, 2021 04:31 AM

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Endre Barath, Jr. hi Endre... I guess I treat it the way I do brushing my teeth... it's just part of the daily "to do" list and for market reports, once you have a template it's not that time consuming to update numbers.

Jan 29, 2021 04:32 AM

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Nina, you always provide valuable and up-to-date information for the Charlotte area, of which buyers and sellers should appreciate.

Jan 29, 2021 07:53 AM

Nina Hollander, Broker

Charlotte, NC

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Realtor

Joan Cox thanks, Joan... good to see you... haven't seen you here for a few days... trust all is well. (My other knee surgery is scheduled for February 11th)

Jan 29, 2021 09:21 AM